CASE COMMENTS: MERGERS – EUROPEAN UNION – ENERGY – REMEDIES – SALE OF ASSETS TO PRESERVE INNOVATION

Sale of assets to preserve innovation: The European Commission clears the acquisition of energy business by a multinational conglomerate company subject to divestment of innovative assets (General Electric / Alstom)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Following an in-depth (Phase II) investigation, the European Commission has conditionally approved the purchase by the US conglomerate General Electric of the power generation activities of the French multinational Alstom, subject to conditions. The businesses divested by Alstom relate to thermal power generation (other than gas), networks, renewable energies and large gas turbines ('TGGP'). The Commission did not identify any competition concerns with regard to the first three activities, since in these areas "the activities of the two companies are complementary but do not overlap". On the other hand, General Electric is the leader on the world TGGP

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Jean-François Bellis, Sale of assets to preserve innovation: The European Commission clears the acquisition of energy business by a multinational conglomerate company subject to divestment of innovative assets (General Electric / Alstom), 8 September 2015, Concurrences N° 3-2017, Art. N° 84519, pp. 101-103

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